TotalEnergies awards major contracts for GranMorgu offshore development in Suriname

The development of Suriname’s GranMorgu offshore oil field has taken a monumental step forward as TotalEnergies awarded multiple high-profile contracts for the project. With significant roles entrusted to Technip Energies, TechnipFMC, and Saipem, this initiative is poised to reshape Suriname’s energy landscape while advancing sustainable offshore oil production.

Major contracts signal commitment to sustainability

Technip Energies, in collaboration with SBM Offshore, has been tasked with delivering the topsides for a state-of-the-art Floating Production, Storage, and Offloading (FPSO) unit. Designed with cutting-edge technology, the FPSO will feature an all-electric drive, zero routine flaring, and comprehensive reinjection of associated gas. These innovative measures aim to significantly curb greenhouse gas emissions, aligning with global environmental goals while boosting operational efficiency.

The FPSO, central to the GranMorgu project, will also employ waste heat recovery systems and advanced methane monitoring technology, setting a benchmark for eco-conscious offshore operations. This contract is a testament to Technip Energies’ and SBM Offshore’s commitment to integrating sustainability into large-scale energy projects.

TechnipFMC and Saipem drive subsea innovation

TechnipFMC has secured an integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract, covering the delivery of essential subsea infrastructure such as trees, manifolds, and flowlines. This strategic approach underscores TotalEnergies’ focus on streamlining processes, reducing costs, and accelerating project timelines.

Meanwhile, Saipem has been awarded a $1.9 billion contract for subsea construction, which includes installing risers, flowlines, and umbilicals over the next five years. Saipem’s expertise in complex offshore installations positions the company as a critical player in realizing first oil production by 2028.

Economic transformation for Suriname

The GranMorgu project is estimated to hold over 700 million barrels of recoverable resources, representing a transformative opportunity for Suriname’s economy. As TotalEnergies and its partners progress toward production, the project is expected to generate significant employment opportunities and government revenues.

Industry experts believe this development positions Suriname as a rising star in global oil markets. By incorporating sustainable practices, the GranMorgu project also serves as a model for future offshore developments in environmentally sensitive regions.

A pivotal moment for the global energy sector

As energy demands increase worldwide, TotalEnergies’ investment in Suriname reflects the growing importance of offshore oil fields in meeting these needs. Analysts suggest the GranMorgu field could play a vital role in balancing global energy supplies, especially as oil producers face mounting pressure to deliver cleaner energy solutions.

The market response to these contract announcements has been largely positive, with stakeholders expressing confidence in the project’s ability to drive Suriname’s economic growth while addressing sustainability challenges.